SEC Sues SolarWinds CISO Over Massive Breach, Escalating Push to Put Public Company Execs on Firing Line
The company blasted the agency for "overreach" and said the enforcement action "should alarm all public companies and cybersecurity professionals across the country."
October 31, 2023 at 08:34 AM
4 minute read
The original version of this story was published on Corporate Counsel
(Credit: Przemek Klos/Adobe Stock) For the first time ever, the Securities and Exchange Commission has launched an enforcement action against a computer-security executive over his role in a cybersecurity breach.
In a move that sent shockwaves through corporate America, the SEC on Monday sued SolarWinds and Chief Information Security Officer Tim Brown in federal court in Manhattan, alleging that in the months leading up to a colossal 2019 hack they "concealed both the company's poor cybersecurity practices and its heightened—and increasing—cybersecurity risks."
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